Vedanta group firm Sterlite Industries, has posted 42 per cent decline in its consolidated net profit, which fall to Rs 924 crore in the first quarter of the current financial as compared to Rs 1,595 crore in the same quarter of the previous year.

Total income declined to Rs 4,957.19 crore during the April-June quarter, from Rs 6,172.55 crore in the corresponding period a year-ago.

However, net sales of the company also plunged by 21 per cent to Rs 4,537 crore from Rs 5,770 crore.

Further, on a standalone basis, Sterlite Industries posted a net profit of Rs 112.70 crore during the June quarter, down 69 per cent over the same period last fiscal. The company's total income dipped to Rs 2,550.72 crore during the quarter under review, from Rs 3,142.60 crore in the same period previous fiscal.

Ahead of weak quarter results, the shares of the company closed today at Rs 621, down 6% compared to its previous close.